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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (28777)	11/18/1997 5:33:00 PM
From: Nancy	Read Replies (2) \| Respond to of 58727

Don, thanks for postion indices update. where can one find all indices definitions and their symbols ? i.e. IIX & PNX - which sectors they represent ? also, would you monitor OSX too ? again thanks for info.

To: donald sew who wrote (28777)	11/18/1997 5:59:00 PM
From: Muizz M. Kheraj	Respond to of 58727

Donald, Thanks for the update. I fully agree with your assessment and overnight SP futures (up 3) confirm the ongoing bull movement here. Muizz ** Long CTXS & CA Dec Calls.

To: donald sew who wrote (28777)	11/19/1997 12:56:00 AM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 58727

Donald; RE: Speculation on Affect of Op.Exp. on Indices... ...excerpt from Briefing.Com "Traders said the main highlight of the current expiration cycle is that a large number of November out-of-the-money put options remain open. Jerry Hegarty, an options analyst at Thomson Financial Services, said most of the puts were bought in late October when the market fell sharply, and now that the market has recovered much of those losses, the put writers, or sellers, "are making a windfall." Several out-of-the-money puts had more than 10,000 contracts open through Monday. The November 800 put was the highest, at 21,634. The 760 put had open interest of 19,686. Lawrence McMillan, head of McMillan Analysis Corp, said in a report that the market's rally had driven indexes high enough to "effectively" neutralize any arbitrage effect on expiration. But as of now, he said, if the OEX is below 875 on expiration, sell programs are possible at the close. If it is above 910, buy programs are possible." -Steve